Commercial

  • June 24, 2026

    Investment Fund Hit With Class Action For Claimed $60M Loss

    Lack of oversight and transparency within a private investment fund resulted in the purported loss of nearly $60 million after a board member is said to have siphoned the money away, according to a putative class action filed in the North Carolina Business Court.

  • June 24, 2026

    Big Banks Clear Fed Stress Tests Amid Capital Rule Overhaul

    The Federal Reserve said Wednesday the nation's biggest banks have sufficient capital to withstand a severe recession, giving them passing marks in the latest round of stress tests as federal regulators work on a broader capital rule overhaul.

  • June 24, 2026

    Davis Polk Guides $480M NYC Office-To-Resi Financing

    An affiliate of private equity firm Yellowstone Real Estate Investments borrowed $480 million in construction financing for a Midtown Manhattan office-to-residential conversion project, in a loan transaction advised by Davis Polk & Wardwell LLP, the law firm announced.

  • June 24, 2026

    JPM's Construction Debt Grows As Wells Pulls Back By $1.6B

    JPMorgan's construction debt on the books rose in the first quarter while Wells Fargo continued to pare its construction debt holdings during the period, showing contrasting narratives for the nation's two biggest bank holders of construction debt.

  • June 24, 2026

    'Hard-Money' Lenders Guilty Of Stealing Upfront Fees

    A Manhattan federal jury convicted two Florida men of using their "hard-money" commercial real estate finance company to steal $18 million in upfront fees, after prosecutors said they defrauded developers to whom they never intended to extend loans.

  • June 24, 2026

    UK REIT Segro Rejects £12.6B Bid By Linklaters-Led Prologis

    Real estate investment trust Segro said Wednesday that it has rebuffed an unsolicited £12.6 billion ($16.6 billion) bid from Prologis, saying the approach was "opportunistically timed" as the U.S. company seeks access to the U.K. rival's data center business.

  • June 23, 2026

    KKR Unit Unveils Univ. Of Tennessee Mixed-Use Project

    Private equity firm Arctos Partners LP, a KKR unit, and its partners are working with the University of Tennessee, Knoxville on a mixed-use development that will include a private club, homes, a 24-story hotel and an entertainment area spanning 100,000 square feet, the companies announced Tuesday.

  • June 23, 2026

    Summer Camp Co. SIMAD's Ch. 11 Steered By Cole Schotz

    A quintet of partners from Cole Schotz PC is stewarding the Chapter 11 case of summer camp operator and real estate holding company.

  • June 23, 2026

    Goulston & Storrs Guides $375M Financing For NJ Tower

    Developer Nasser Freres, advised by Goulston & Storrs, has secured $375 million in financing from Madison Realty Capital to build an apartment tower with a grocery store in Jersey City, New Jersey, according to borrower-side broker Walker & Dunlop.

  • June 23, 2026

    Two Harbors Pushes Back CrossCountry Vote Again

    Two Harbors Investment Corp. has once again delayed its special shareholders vote for a transaction that involves mortgage lender CrossCountry Mortgage LLC acquiring the mortgage servicing-focused real estate investment trust in an all-cash deal, the REIT announced Tuesday.

  • June 23, 2026

    Maynard Nexsen Adds Real Estate Group Co-Chair In NC

    Maynard Nexsen PC has bolstered its capacity to handle commercial real estate matters by bringing on an attorney who co-chaired Smith Anderson's real estate group.

  • June 23, 2026

    Blackstone Buys $279M San Francisco Hotel From Sunstone

    Blackstone has agreed to buy the Hyatt Regency San Francisco from Sunstone Hotel Investors for $279 million, about $16.5 million more than what the lodging real estate investment trust paid for the property over a decade ago, according to a Tuesday announcement.

  • June 23, 2026

    4 Firms Advise Public Storage's $1.2B Acquisition Deal

    Public Storage will acquire Public Storage Canada in a $1.2 billion cash and shares deal guided by Wachtell Lipton Rosen & Katz, Torys LLP, Allen Matkins Leck Gamble Mallory & Natsis LLP and Osler Hoskin & Harcourt LLP, the self-storage owner announced.

  • June 23, 2026

    Office Snapshot: Summer Brings Move For Lathrop GPM In DC

    Lathrop GPM LLP is set to move its office in the nation's capital this summer, leaving the Watergate complex near George Washington University for a smaller space in a building just blocks from the White House.

  • June 23, 2026

    Justices Clear Path For Exxon Damages Claim In Cuba Case

    The U.S. Supreme Court found Tuesday that a federal law allowing U.S. victims of property seizures by the Cuban government to seek damages automatically abrogates the sovereign immunity of state-owned entities targeted in such cases, clearing a path for Exxon Mobil Corp.'s bid for some $1 billion in damages.

  • June 22, 2026

    Md. Voters Can't Weigh In On Data Center Zone, Judge Rules

    Voters in Frederick County, Maryland, will not be able to have a say on a data center development zone, a state judge ruled in an order docketed Monday, agreeing with developers that under the county's charter, an ordinance is not a law subject to referendum.

  • June 22, 2026

    Ex-CEO Says Credit Union Can't Seek $80K For Business Unit

    The ex-CEO of Sound Federal Credit Union asked a Connecticut state judge on Monday to dismiss portions of the credit union's two counterclaims asking him to return $80,000 for services he didn't perform because he was fired, saying it was not the correct party to bring such counterclaims.

  • June 22, 2026

    NYC Real Estate Week In Review

    Jeffrey Zwick & Associates PC and Romer Debbas LLP are among the law firms that helped out with the largest New York City real estate trades that hit public records last week, with a nine-figure Manhattan transaction topping the list.

  • June 22, 2026

    Allen Matkins Hires Ex-Kasowitz Litigator In New York

    Allen Matkins Leck Gamble Mallory & Natsis LLP has hired a former litigation partner at Kasowitz LLP for its New York office, continuing an expansion this year for the firm's East Coast outpost.

  • June 22, 2026

    6th Circ. Ties Pot Biz Delays To Bureaucracy, Not A Violation

    The Sixth Circuit has thrown out a real estate developer's suit against the city of Pontiac, Michigan, and its clerk alleging they violated constitutional rights by delaying approvals of a proposed cannabis operation until it was no longer viable, saying the delays were an instance of discretionary actions in bureaucracy, not constitutional violations.

  • June 22, 2026

    3 Firms Advise On CRH's $8.5B Arcosa Acquisition Deal

    Building materials supplier CRH said Monday that it will acquire infrastructure products maker Arcosa in an all-cash deal valued at about $8.5 billion, with three law firms advising.

  • June 22, 2026

    RI Allows Late Tax Interest Waivers For Commercial Property

    Rhode Island authorized the waiver of interest on overdue taxes for commercial properties under a bill signed by the governor.

  • June 18, 2026

    Bass Pro Shops Buys Historic Fla. Keys Fishing Resort

    Bass Pro Shops has purchased a 27-acre, 243-room historic oceanfront resort in the Florida Keys village of Islamorada, the outdoors gear company announced.

  • June 18, 2026

    IRS Sets Transitional Rules For Opportunity Zone Perks

    The IRS has released transitional guidance for tax benefits tied to opportunity zone investments, providing rules such as when to defer the tax on the capital gains, while the agency works on formal proposed regulations aligning with the 2025 budget law's changes to the incentives.

  • June 18, 2026

    NC Legislators OK 90% Property Tax Break For Builders

    North Carolina would allow local governments to create specialized districts and provide significant tax exclusions for developers to incentivize new property improvements under a bill now on the governor's desk.

Expert Analysis

  • NYC Hotel Licensing Law's Costs May Outweigh Its Benefits

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    A hotel licensing bill recently approved by New York's City Council could lead to the loss of many nonunionized hotels that cannot afford to comply, says Stuart Saft at Holland & Knight.

  • Calif. Ruling Offers Hope For Mitigated Negative Declarations

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    In Upland Community First v. City of Upland, a California appeals court upheld a warehouse development's mitigated negative declaration over its greenhouse gas emissions thresholds — a rare victory against this type of challenge providing reassurance that such declarations can be upheld, say attorneys at Sheppard Mullin.

  • There's No Crying In Property Valuation Baseball Arbitration

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    The World Series is the perfect time to consider how the form of arbitration used for settling MLB salary disputes — in which each side offers competing valuations to an arbitrator, who must select one — is often ideal for resolving property valuation disputes, say Sean O’Donnell at Herrick Feinstein and Mark Dunec at FTI Consulting.

  • Webuild Ruling Complicates Arb. Award Enforcement In US

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    A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.

  • How To Avoid A Costly CPA Limitation Hidden In Most Leases

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    The lease audit rights clause is a seemingly innocuous provision in most commercial real estate leases that ends up costing tenants millions of dollars each year, as they have unwittingly agreed to retain only an accountant to investigate and settle financial issues, says Jason Aster at KBA Lease Services.

  • Navigating FEMA Grant Program For Slope Fixes After Storms

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    In the aftermath of Hurricanes Helene and Milton, it is critical for governments, businesses and individuals to understand the legal requirements of the Federal Emergency Management Agency's grant programs to obtain funding for crucial repairs — including restoration of damaged infrastructure caused by landslides and slope failures, says Charles Schexnaildre at Baker Donelson.

  • Smith's New Trump Indictment Is Case Study In Superseding

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    Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.

  • Consider Best Legal Practices For Commissioning Public Art

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    Commissioning public art for real estate projects can provide many benefits to real estate developers and the public, but it's important to understand the unique legal and contracting aspects of the process to ensure that projects are completed on time and on budget, says Sarah Conley Odenkirk at ArtConverge.

  • Applying High Court's Domestic Corruption Rulings To FCPA

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    After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.

  • Climate Among Many Factors Driving Up RE Insurance Costs

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    A proactive approach to risk management may determine the viability of the U.S. commercial real estate sector as weather crises and other factors drive insurance costs higher, says Ulrick Matsunaga at Crosbie Gliner.

  • Bid Protest Spotlight: Debriefings, Timeliness, Documentation

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    ​James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.

  • A Look At Recent Case Law On Expedited Judgment In NY

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    A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.

  • Dealmaker Lessons From CFIUS' New Enforcement Webpage

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    The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.